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In the previous articles we have talked about the history of the blockchain (click for part 1: or click for part 2)

Following up on this, the blockchain technology is an open and decentralized database that allows you to execute (trans)actions without third parties. It was born in order to ensure a transaction freedom for people and to reduce the governments and banks power.

The answer is no.

We are only 10 years into the technological development. Despite the hype, blockchain adoption is still low. Which means that we don’t have a dominant player, owning the market. Bitcoin has been dominating as a cryptocurrency and Ethereum gained the biggest crowd for smart contracts. We surely know that blockchain is useful for more than just storing currency exchanges.

Firstly, we have to do a distinction between permission and permission-less blockchains. Permissionless blockchains are the one that we all know, like Bitcoin, Litecoin etc.

While permission blockchains are private blockchains designed for smaller systems, (for companies). As the name states, you need permission to read the information. This limits the amount of entities who can transact on the blockchain.

But on what underlies the blockchain technology? On tokens. Everything on the blockchain is tokenized.

Think of a token as data that represent a certain value. A chip in a casino is a token, which represent money. The same concept is valid for blockchain. As a consequence, you can tokenize literally everything. You want to create a digital representation of the Mona Lisa, that’s possible. Someone even tokenized his life into equity and traded himself als token.

Tokenization on the blockchain will make assets immediately liquid and easy to exchange, just like a cryptocurrency.

A particular token can represent a valuable information or a physical asset such as property or a financial instrument, like companies’ equity.

For example, if I want to tokenize a piece of land for agriculture, I can tokenize each square meter in order to divide and exchange each meter for a determined price. If the squared meter is cultivated or there is a great demand, its values will raise.

In addition, documents such as financial securities can be tokenized in order to be as liquid as cryptocurrencies and easily accessible to everyone.

The validity of the securities will be enforced by the blockchain itself! In fact, thanks to the Ethereum smart contracts, actions will be programmed and registered on the Ethereum blockchain, automatically.

We create equity crowdfunding 2.0 with TaoDust!

In fact, we combine the equity crowdfunding with the blockchain technology in order to make companies sell their equities worldwide and easier.

Thanks to the blockchain we create a boundless and liquid market for the equities sold during the equity crowdfunding campaign.

Stay tuned to know more or go through our website and social media!

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